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Tuesday, 6 December 2016

More Food Inflation Coming for Canadians in 2017

Last year we wrote about how the average household would spend an additional $345 on food in 2016. This turned out to be a conservative estimate, and now Canada's Food Price Report, published by researchers at Dalhousie University in Halifax is predicting an increase of $420 for 2017.

Food inflation will be driven by the falling loonie and rising production costs.